![]() ![]() (See: Fairchild Semiconductor rejects $2.6 bn bid from Chinese firms over regulatory concerns )Įarlier this week, Unisplendour, a unit of China's state-owned Tsinghua Holdings Co, aborted its planned $3.78-billion investment in US hard-disk maker Western Digital Corp after CFIUS said that it would review the deal.Īpart from the semi-conductor industry, Dutch electronics group Royal Philips NV early this year, terminated its proposed $3.3-billion sale of its Lumileds business to Chinese private equity firm Go Scale Capital, after CFIUS blocked the deal on national-security grounds. Last year, it acquired provider of wired and wireless connectivity solutions Silicon Image, for $600 million, its biggest-ever deal in order to expanded its products for video customers.īut a deal is likely to be scrutinized by the US Committee on Foreign Investment (CFIUS), which has recently blocked Chinese companies from acquiring US chipmakers.ĬFIUS is an inter-agency panel led by the Treasury Department which overlooks overseas acquisitions to see that such deals do not pose any risk to national security.Ĭiting an "unacceptable level of risk" that a deal would be rejected by CFIUS, California-based chipmaker Fairchild Semiconductor this month rejected a $2.6-billion bid from Chinese state-backed enterprises China Resources and Hua Capital and instead opted to a lower offer from Arizona-based ON Semiconductor. It has more than 8,000 customers worldwide. The stock was trading at $6.38 at midday on Thursday, up about 0.5 percent from Wednesday's close.The company manufactures high-performance programmable logic devices like FPGAs, CPLDs, & SPLDs that are used in smartphones, tablets, TVs, home theater devices, wearable devices and cameras. Lattice, whose shares have fallen about 8 percent this year, reported revenue of about $366 million in 2014, an increase of about 10 percent. "However, that can change rapidly," he said. Billerbeck said he did not think Lattice was an immediate takeover target, given the chip industry's current focus on large acquisitions. "They are sub-scale and would earn far more under a larger company umbrella," Rolland said. FBR Capital analyst Christopher Rolland said Lattice was a "high probability acquisition target". "If someone walks in the door and gives us a solid offer at a high premium we are going to consider it," Billerbeck said. That represented a premium of just 10.5 percent to Altera's previous-day close, but was 56 percent more than the stock's price before the Wall Street Journal reported in March that the two companies were in merger talks. Intel, the world's biggest chipmaker, agreed to buy Altera last week for $16.7 billion, or $54 per share. Lattice caters to the low-end of the market, while Xilinx focuses on higher-end products. After the Intel-Altera deal, Lattice and Xilinx Inc are the only reasonably large standalone companies left in the programmable chip industry. Lattice, which has a market value of about $740 million, makes programmable logic chips and related software used in everything from smartphones to cars. Qualcomm and MediaTek could not immediately be reached. maker of programmable chips in mobile phones and tablets, is exploring a sale that has attracted interest from a prospective Chinese buyer. but then there are also some of the communication guys, which see us pretty strong in programmability," Billerbeck said in an interview. (Reuters) - Lattice Semiconductor Corp LSCC.O, a U.S. Billerbeck singled out Qualcomm Inc and Taiwan's MediaTek Inc as good fits, but would not comment on whether Lattice was holding talks with either company. By Lehar Maan and Anya George Tharakan (Reuters) - Lattice Semiconductor Corp - one of just a handful of programmable-chip makers left after Intel Corp's deal to buy Altera Corp - is open to a sale, but only for a bigger premium than that offered by Intel, CEO Darin Billerbeck said. ![]()
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